Imperial Gets New Chief Executive

摘要

Imperial Oil has named Exxon Mobil executive Rich Kruger to replace Bruce March as CEO of Canada’s No. 2 oil producer and refiner as it readies to start up its C$12.9 billion (US $12.7 billion) Kearl oil sands mine against a backdrop of weak heavy-crude prices. March, who ran Imperial Oil for five years, will become senior vice-president at Exxon’s chemical unit, Imperial said on Thursday. Kruger, currently president of Exxon Mobil Production, will take over at the Canadian company on Mar. 1. Exxon Mobil has a 69.6% stake in Imperial.